Overview
- ANTAD reported nominal same-store sales up 0.5% year over year in September, with total-store sales rising 2.8%.
- The 0.5% reading was the softest September since 2020, when same-store sales fell 0.3%.
- Results marked a sharp slowdown from August’s 7.6% same-store increase, signaling waning momentum in consumer spending.
- By format, department stores fell 0.8% and supermarkets slipped 0.3% on a same-store basis, while specialized retailers gained 3.6%.
- Sales totaled 124,400 million pesos in September and 1,181,600 million pesos year to date, with Jan–Sep growth of 3.3% at same stores and 5.8% at total stores, as analysts pointed to weather and fewer promotions.